September 11, 2020
Willkie represented Bullhorn in the transaction; investment to help power the staffing industry’s digital transformation agenda.
On September 8, Bullhorn, a cloud computing company for staffing and recruiting organizations, announced that Stone Point Capital will become the lead investor to power the next phase of the company’s growth. Insight Partners and Genstar will remain investors in the business. Stone Point was attracted to Bullhorn on the strength of its long-term opportunity to serve the global staffing and recruiting industry, its consistent revenue growth, and its reputation for customer success.
The staffing and recruiting industry has increasingly embraced digital transformation, and Bullhorn is helping to shape this transformation, as companies invest in upgrading their technology infrastructure and business processes. Stone Point’s staffing and financial services expertise will help to guide Bullhorn’s continued momentum with its pay and bill solutions, which will allow staffing firms to unify operational and finance information so that firms can make better business decisions and deliver a superior customer experience.
Bullhorn is a global leader in software for the recruitment industry. More than 10,000 companies rely on Bullhorn’s cloud-based platform to power their recruitment processes from start to finish. With offices around the world, Bullhorn is founder-led and employs more than 1,000 people globally.
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.
Genstar Capital is a leading private equity firm based in San Francisco, with approximately $19 billion of assets under management and focused on targeted segments of the financial services, healthcare, industrial, and software industries. Stone Point Capital is a financial services-focused private equity firm which has raised and managed eight private equity funds – the Trident Funds – with aggregate committed capital of more than $26 billion.
The Willkie team was led by partner Matthew Guercio and associate Erin Kinney, and included law clerk Manuela Velasquez Fernandez.
